Cocoa, Mondelez
Mondelez forecasts steep drop in annual profit on soaring cocoa prices
Cadbury-parent Mondelez International forecast a bigger-than-estimated drop in its annual profit on Tuesday, signaling pressures from higher costs, including from surging cocoa prices, sending its shares down nearly 6% after the bell.
Mondelez is also having to deal with cost inflation in its supply chain in respect to “unprecedented” cocoa prices.
This was the stock's third consecutive day of losses.
Cocoa prices remain substantially elevated from prior years, more than doubling since the end of 2023. Chief Executive Officer Dirk Van de Put said the company was focused on navigating cocoa cost ...
Stifel Nicolaus analyst Matthew Smith, CFA maintained a Buy rating on Mondelez International (MDLZ – Research Report) today and set a price ...
Mondelez International, an American multinational confectionery, snack food, and beverage company, is now a $77 billion (by ...
Advanced Micro Devices posted higher quarterly revenue thanks to significant growth in its data-center business. The chipmaker said sales across its data-center division, which includes its artificial ...
Piper Sandler adjusted the price target for Mondelez International (NASDAQ:MDLZ) shares, reducing it to $56 from the previous $63, while retaining a Neutral rating on the stock. The stock, currently ...
Mondelez International reported Q4 revenue of $9.60 billion, falling below estimates. While gross profit rose 6.9%, cocoa ...
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